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Strengths is the ability to enable a firm to utilize opportunities and fend off competition or threats
One of the strengths of banks is that they think about the management of the customer relationship which leads to the production of products and services that meet those needs. Other strengths are the routine communication with the bank’s customers and mass production. In addition, banks offer convenience to the customer; a so called “one stop” financial supermarket to clients who do not have enough time to be queuing for services at various providers
Weaknesses are things that could be improved, avoided or factors that lead to loss of sales
A weakness of Bancassurance is the turbulence being experienced by banks in India and across the world following the financial crisis of 2008. The vast network of branches, though a strength, is also considered burdensome by many commercial banks which can hamper the development of Bancassurance bank branches have high fixed costs causing shrinking margins of an increasingly commodity business. This has led to banks looking for ways for the high fixed cost branches to become profitable. Another weakness is that banks have been unable to penetrate the commercial lines insurance business due to lack of technical competence. Bank employees are unable to manage complex insurance programs required by commercial clients. There are many differences in the way of thinking and business approaches of bankers and the managers of insurance companies. Inflexibility of the Bancassurance products, i.e., it cannot be tailor made to the requirements of the customer. For a Bancassurance venture to succeed, it is extremely essential to have an in-built inflexibility so as to make the product attractive to the customer
hello sir
The answer in short
Protect the funds granted to the customer in the event of the death of "maintaining the bank money."
Customer "heirs retain the real estate, car or land etc. Which was funded by the bank."
